Hanover Specialty Industrial Expands to New High-Hazard Classes

April 9, 2010

The Hanover Insurance Group Inc. has unveiled expanded offerings for industrial businesses through Hanover Specialty Industrial, which includes Hanover Specialty Industrial Property (HSIP) and Hanover Specialty Insurance Brokers (HSIB). The two businesses work in tandem to provide high-hazard industrial clients coverage for property, general liability, products liability, pollution, excess liability and other coverages.

HSIP has expanded its appetite beyond risks that manufacture highly flammable and combustible chemicals to include more than 30 new classes of businesses, which manufacture, process, distribute or store a broad array of high-hazard products, or involve high-hazard processes. These include manufacturers of mattresses, furniture, plastics, perfumes, cosmetics, and lotions, as well as rubber/tire products manufacturers and re-cyclers, janitorial supply companies, and pesticide companies, among others.

HSIP also offers property insurance for industrial risks, while HSIB offers agents access to customized programs.

HSIB also offers agents programs through relationships with specialized insurance companies. HSIB provides coverages that complement The Hanover’s core offerings for industrial business including products liability, pollution, excess liability, as well as commercial auto and property exposures that do not meet HSIP criteria.

Source: The Hanover

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